Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-27
ON CHANGE.
Spot Cotton Fractions and Futures from
Six TO Twelve Points Higher.
Money Market Easy.
Wheat Opened Higher, FlHctuated Mar
rowly and Closed Irregular-Liye
Stock Transactions Brisk.
FORT WORTH mARkETs-DAILY BE
VIEW

VIEW.
OFFICE OF TIE GAZETTE
FORT WoRTH. TEX. MAY 20, 1887.
Trade was fair average to-day.
Butter is badly demoralized, and it is
difficult to make quotations. Some lots
oold to-day as low as 8Gl0c.
Old potatoes are nearly out of market.
THE STATE OF TRADE.
Special kilograms TO Bradstreet's re-
port increased activity in the movement
of merchandise at Kansas City, ST.
| Joseph, Omaha, Burlington and at Gal
weston. The regions tributary to these
points have been favored with needed
! rains, and the improved crop prospects
have stimulated the interior demand.
There is q distinct decline in general
/ business at Pittsburg and at Savannah.
! At the former the falling away at this
season exceeds expectations, and at the
latter the lack of rain in the vicinity
tends to check trading. At most other
cities reported the distribution of staple
goods is of fair proportions and steady,
with little or no change as to volume
! from the preceding week.
! The bank clearings at thirty-six cities
reported to Bradstreet's (omitting Du-
luth and Topeka totals aggregate ST.
! 0S7 100000 for six days ended May 20,
against 1896, 527 ,519 in the preceding
week, an increase of 9 per cent, which
practically offsets last weeks decline
Compared with $751;, GS9, 965 in the third
week of May, 1856, the gain this week
amounts to IS per cent. The increase at
| 000, 900; Boston, SIG 900; Philadel-
/ nh . :
| COO; Pittsburg, 81, 500, 900, and Baltimore,
Chicago, 81 500, GOO; st. Louis, ST.
! 4OG,0 900, and Providence, $500, 900.
There are no conspicuous new fea-
lures in the money market. The New
York stock market has been active and
buoyaut Bonds aud dividend stocks
have been largely bought for investment,
and on this and the generally favorable
! condition of railroad properties u strong
bullish feeling mas been shown, and an
advancing tendency in prices, though ct
! the close of the week there was some ten
deEcv to realize. Bradstreet's reports of
railway earnings for April, 1887, show
gain of about l ) per cent. as compared
with April, 1886, aad about the same
against that month in 1885. AS compared
with April, 1884, they are but per cent.
heavier.
The industrial situation has not i'm
proved, about 10000 employees having
struck or been locked out during the
week. The total striking and locked out
this month 10 the Doth is 50 ZOO, an aver
age of about 400 daily. The leading
| strikes have included 1000 building
trades operatives at Chicago and Is 900
! Pennsylvania coke workers. About 5000
shoemakers were locked out in Massa-
ckHsetts and $500 stove molders at De-
troit. Small strikes during May include
| &c, 900 employees. Reports from 227 New
! England wooden mills to Bradstree's
show that q large share Of worsted and
cashmere mills are running part of the
machinery only, or on short time. The
output of worsted and finer goods is less
than one year ago-less than in February
last-and promises to be further reduced
by July l next. Hosiery, satinet and
sh0ddy output and demand are quite &C
tive. Very few mills are doing better
than last Y ar.
Best grades of eastern foundry pig iron
are firm, and an increased demand would
advance prices. This is true at Chicago
gnd st. Louis as well, where demand is
better than at points in Pennsylvania and
Ohio. Bessemer pig is off 50G 75C. per
ton, and merchant bar at PittsouTg is in
lighter demand than for several months
past. Yet there is no oyerproduction and
no stock on hand. Special inquiries by
Bradstreet's show that thirty-six blast
furnaces and about 1000 employees are
idle n Pennsylvania, Ohio and West
Virginia, owing to the coke strike. No
mills or foundries are affected yet.
Dry goods at New York and Boston
are quiet. Staple cottons are most
active, and prices in some instances
are higher. There are no surplus stocks
at the, mills. The opposite is true of
woolens. Spot cotton is tc higher, and
has touched lie for the first time within
two years. Improved home and foreign
demand and reduced supplies ct the in
terror have Influenced this.
Speculation in produce is active, and
the wheat clique has given evidence of
greater strength than ever. Money is
beng taken at Chicago banks through
June and July, and those deliveries of
wheat are receiving the same support
that May did few weeks ago. The out
side public is devoting its energies to the
deferred new crop futures, which are
merely steady. Liberal receipts of hogs
at the west have depressed trade in pro-
visions somewhat, but mess pork is well
coneTed.-f Bradsueets.